Tag Archives: medisave top-up

Post navigation

About 1.54 mil­lion Singa­por­eans will receive let­ters from Min­istry of Fin­ance inform­ing them of their eli­gib­il­ity for GST vouch­ers and oth­er budget bene­fits by 1 July 2016.

For indi­vidu­al Singa­por­ean aged 21 and above whose assess­able income for Year of Assess­ment 2015 is less than $26,000 and who does not own more than one prop­erty, you will get $500 on 1 August 2016 if the annu­al value if home is $13,000 and below; or $250 if the annu­al value of home is from $13,001 to $21,000.

For Pion­eer Singa­por­ean, they will also get up to $800 top-up per year to their medis­ave based on the cri­ter­ia below.

Pion­eer Gen­er­a­tion Medis­ave Top-up

Born in

Age in 2016

Amount of Medis­ave top-up per year

1945 — 1949

67 — 71

$200

1940 — 1944

72 — 76

$400

1935 – 1939

77 — 81

$600

1934 or earli­er

>= 82

$800

For Non-Pion­eers, they will also get up to $200 top-up per year to their medis­ave till 2018 based on the cri­ter­ia below.

5-Year Medis­ave Top-up (2014 – 2018)

Annu­al Value of Home as at 21 Dec 2015

Up to $13,000

Above $13,000 or owns more than prop­erty

Singa­pore Cit­izens born in 1959 and earli­er who are not Pion­eers

$200/year

$100/year

One-off addi­tion­al medis­ave top-up for those age 65 and above in 2016 and who does not own more than one prop­erty.

For those age 65 to 74, to get addi­tion­al $250.

For those age 75 to 84, to get addi­tion­al $350.

For those age 85 and above, to get addi­tion­al $450.

For those age 65 to 74, to get addi­tion­al $150.

For those age 75 to 84, to get addi­tion­al $250.

For those age 85 and above, to get addi­tion­al $350.

For house­holds stay­ing in HDB flats, gov­ern­ment will give up to $260 deduc­tion in util­it­ies bills in equal instal­ments over 4 months in July 2016, Octo­ber 2016, Janu­ary 2017 and April 2017. Each house­hold will also get up to 3 months of S&CC rebate.